Oracle 1Z0-1081-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1081-20 Online Questions & Answers

• Question 81:

  A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution. Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

  A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
  B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
  C. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
  D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
  E. provide the ability to collaborate during close and analyse transaction detail in real time
  B. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
  D. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

• Question 82:

  An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month. What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)

  A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
  B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
  C. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
  D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
  B. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
  D. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.

• Question 83:

  For which three levels can Profiles be set in Data Management?

  A. Category
  B. Source System
  C. System
  D. User
  E. Application
  C. System
  D. User
  E. Application

• Question 84:

  What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

  A. enables the Elimination member in the Consolidation dimension
  B. process will separate total elimination values by Data Source.
  C. enables the application to include Intercompany data.
  D. enables the application to perform Intercompany eliminations
  B. process will separate total elimination values by Data Source.

• Question 85:

  Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc. Which process produces USD balances for Company IOU?

  A. A translation to the USD_Reporting currency member for Company IOU
  B. A translation of Company IOU
  C. A consolidation of Company 123
  D. A consolidation of Company XYZ
  E. A translation of Company XYZ to Parent Currency
  E. A translation of Company XYZ to Parent Currency

• Question 86:

  What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

  A. Base Currency
  B. Parent Currency
  C. Local Currency
  D. Entity Currency
  D. Entity Currency

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  FCCS currently allows Journal Input (Data Source dimension member) to Entity Input (Consolidation dimension member) in Entity Currency for parent entities. HFM allows Entity Currency Adjustments and Parent Currency Adjustments (Value dimension members) at parent entities.

• Question 87:

  Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?

  A. pre-built integrations to combine narrative and data to produce both internal and external reporting packages
  B. calculations, dashboards and reports to provide analysis for cash flow modeling
  C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
  D. calculations, dashboards and reports built on planning frameworks to provide cash flow planning
  C. calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow

• Question 88:

  What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

  A. Store
  B. Never Share
  C. No Rate
  D. Dynamic Calc and Store
  E. Dynamic
  A. Store

• Question 89:

  Which two are required fields when registering a source system in Data Management?

  A. Source System Type
  B. Cloud Type
  C. Drill Through URL
  D. Name
  C. Drill Through URL
  D. Name

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  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management- common/erpia/registering_file-based_source_systems.html

• Question 90:

  Which statement correctly describes what happens to parent entities during consolidation?

  A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
  B. The changes in the relational database are synced to the underlying Essbase cube.
  C. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
  D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
  A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.